Latest Posts

Chief Justice John Marshall was appointed in May 1800.

Why John Marshall Matters

The sixth and final article in the series “The Supreme Court Affirms the American System.” Sept. 17, 2018–We publish this article today to commemorate Constitution Day, the 231st anniversary of the signing of the founding document of the United States of America. It was Supreme Court Justice John Marshall who […]

by September 17, 2018 Commentary, History
The Grand Coulee Dam, one of the major power projects of the New Deal.

Vital Lessons from the WWII Economic Mobilization

Sept.  11, 2018—In this final section of Stuart Rosenblatt’s Lessons from the WWII Economic Mobilization, he presents three key conclusions from his indepth study of the 1939-1944 period. First, he discusses the components of the dramatic rise in Total Factor Productivity. Second, he recapitulates the means of financing the mobilization. […]

by September 11, 2018 Commentary, History
Alexander Hamilton at the Treasury

Alexander Hamilton Becomes Treasury Secretary

By Nancy Spannaus Sept. 11, 2018—On Sept. 11, 1789 President George Washington nominated Alexander Hamilton for the position of Secretary of the Treasury. The Senate confirmed his nomination the very same day. Washington’s decision, and his continued support of Hamilton until the Secretary resigned in 1795, was one of the […]

by September 11, 2018 Commentary
In his inaugural address, FDR demanded action for working people.

Time to Bring FDR Back into the Democratic Party

Review:  How Bernie Won: Inside the Revolution That’s Taking Back Our Country, by Jeff Weaver, St. Martin’s Press, 2018, 363 pps. By Angela Vullo Sept. 6, 2018–From the title on, author Jeff Weaver, Bernie Sander’s 2016 campaign manager, challenges the common perception of the outcome of the U.S. Presidential election. […]

by September 6, 2018 Commentary
A graphic of total factor productivity in the 20th Century, showing the effects of the FDR banking policy.

A Brief History of the Principle of National Banking in the United States

Aug. 27, 2018–While Central Banks exist in many other countries, the United States is unique in its successful development of national banking.  The purpose of National Banks, developed even before the ratification of the U.S. Constitution, was to marshal the financial resources of the young nation and direct them into […]

by August 27, 2018 Commentary, Infrastructure Bank
Alexander Hamilton, founder of the American System. Portrait, Painted by John Trumbull

Actually, It’s Industrial Policy, Not Just Tariffs, That Work

The following is an op-ed which I am submitting to USA Today, but would be usefully submitted to other newspapers as well, in light of the raging debate over President Trump’s tariff policy.  By Nancy Spannaus Aug. 20, 2018—In an op-ed  in USA Today published Aug. 17, Jeff Ferry, research […]

by August 20, 2018 Commentary
The Oak Ridge complex where nuclear power was born.

A Qualitative Economic Transformation

By Stuart Rosenblatt Aug. 16, 2018–The following is part 5 of a series devoted to “Lessons for a Recovery: The WWII Economic Mobilization.” Click the following titles for the previous parts: Part One , Part Two , Part Three , and Part Four . As the Allies shifted to the […]

by August 16, 2018 Commentary
Public Citizen's Lori Wallach

Public Citizen’s Lori Wallach: Time to Force a New NAFTA

Aug. 11, 2018–Lori Wallach, the Director of Global Trade Watch, a division of Public Citizen, addressed a very attentive and engaged meeting of citizens from the District, Maryland, and Virginia at Cleveland Park Library on August 9.  Wallach was joined by macro-economist Alphecca Muttardy in the dialogue with approximately 35 […]

by August 11, 2018 News
Louis XVI on the way to the guillotine, just one of thousands to die.

Alexander Hamilton Answers the Historians

Historians on Hamilton, How a Blockbuster Musical is Restaging America’s Past Renee C. Romano and Claire Bond Potter, editors Rutgers University Press, New Brunswick, 2018, 399 pp. By Nancy Spannaus Aug. 2, 2018—While I did not have very high hopes for this book of essays critiquing the Lin-Manuel Miranda’s musical […]

by August 2, 2018 Commentary
CSX coal cars, a major component of Virginia rail traffic today.

A Proposed Infrastructure Program for Virginia

By Stuart Rosenblatt July 31, 2018–It is time for the nation to embark on a bold national mission, akin to the Kennedy Space Program of the 1960s and the Franklin Roosevelt New Deal and WWII economic mobilizations.  We are in the paradoxical situation where nominal job creation is continuing to […]

by July 31, 2018 Commentary